Pi Breaks Downtrend, Gains Nearly 100% in Week

6 mins mins

Key Points:

Pi Network’s price surges by 8.10% in 24 hours as buying interest peaks.
XRP strengthens with a 10.03% surge, indicating potential momentum continuation.
Bitcoin maintains dominance with a 9.38% weekly gain, despite slight daily drop.

Short-term Price Predictions: PI, BTC, XRP (12 May) — Short-term Price Predictions: PI, BTC, XRP (12 May, 2025)

PI/USDT, BTC/USDT, and XRP/USDT signal bullish trends as prices break notable resistance levels, backed by strong buying momentum and volume surges. XRP especially stands out with a significant breakout above $2.36.

PI/USDT flipped bullish above $1.00, BTC topped $100K, testing $109,588 resistance, and XRP confirmed transition from accumulation by surging past $2.36. Elevated volume across tokens highlights institutional interest, signaling potential further upside.

Methodology

Technical analysis is based on TradingView indicators, which include RSI, MACD, EMA clouds, and price action patterns. Volume and candle structure were evaluated on the daily timeframe across major exchanges.

Pi Network Surges Over 8% as Trading Volume Rises

Pi Network’s price surged by 8.10% in 24 hours, reaching $1.16, with a trading volume of $1,902,101,998. Market cap is $8,234,162,728, dominance at 0.25%, and 7-day performance soared to 96.90%.

Bullish momentum is evident as Pi’s RSI hits 89.28, CCI at 427.31, and MACD at 0.03330, although warnings emerge from overbought StochRSI at 88.44 and neutral MACD trends, suggesting potential volatility.

Pi (PI) Technical Analysis

After a sharp rally in February, PI/USDT entered a prolonged downtrend, forming consistent lower highs and lower lows. This descent concluded around the $0.55–$0.68 demand zone (highlighted green), where price consolidated through April into early May.

The recent breakout from this base, especially a strong move above the red EMA cloud and past $0.85 resistance, signals a potential trend reversal. The daily structure has now flipped to bullish, confirmed by the highest daily close since March.

pi-daily-chart — Pi (PI), daily chart, screenshot on TradingView at 16:29 UTC on May 12, 2025. *Source: TradingView*

Recent candles show large bullish bodies with minimal wicks, especially on the breakout candle closing above $1.00 — a clear sign of strong buying momentum. Volume has surged sharply, validating the breakout.

Notably, the latest candle shows an upper wick, hinting at some profit-taking or early resistance, but the close remains strong. This signals bullish continuation unless a sharp reversal candle appears.

pi-analysis-chart — Technical Chart: Pi (PI) Potential Price Paths on TradingView at 16:29 UTC on May 12, 2025. *Source: TradingView*

Pi Price Action Scenarios

Bullish: If price breaks above the intraday high of $1.67
Bearish: If support at $0.85–$0.90 breaks
Neutral: Sideways movement likely if price stalls between $1.20–$1.40

Bitcoin Shows Neutral Momentum Despite Weekly Gains

Bitcoin (BTC) is a trending altcoin today, with a current price of $103,009.83, experiencing a 24-hour change of -1.03%. Its trading volume is $56,701,164,622, dominance is at 61.59%, and it shows a 9.38% weekly gain, with current momentum appearing neutral.

BTC’s technical setup reveals a neutral RSI at 70.10, bearish MACD at 4,057.99, and a neutral CCI of 140.02. Support is absent, with ADX at 26.02 suggesting weak trend strength.

Bitcoin (BTC) Technical Analysis

BTC/USDT is in a strong uptrend, having broken out of a prolonged consolidation range between $88,765 and $99,475. After establishing higher lows throughout April, the breakout past the $100K psychological level and retest of $99,475 as support marks a bullish continuation structure.

However, price is currently testing the prior high zone around $109,588, which acted as resistance before and may cap further upside in the short term.

bitcoin-daily-chart-854 — Bitcoin (BTC), daily chart, screenshot on TradingView at 16:29 UTC on May 12, 2025. *Source: TradingView*

Recent candles show strong bullish momentum with full-bodied green candles on increasing volume — a sign of institutional interest. The last candle, however, prints a rejection wick near $105K–$106K with a red body, indicating some selling pressure or hesitation near the highs.

Volume remains relatively strong but hasn’t surged significantly on the recent pullback, suggesting this may be a healthy pause rather than full rejection.

bitcoin-analysis-chart-3 — Technical Chart: Bitcoin (BTC) Potential Price Paths on TradingView at 16:29 UTC on May 12, 2025. *Source: TradingView*

Bitcoin Price Action Scenarios

Bullish: If BTC breaks above $109,588, expect a move to uncharted territory
Bearish: If price loses $99,475, a deeper retracement to $88,765 is likely
Neutral: Range-bound movement between $99,475–$109,588 if momentum weakens and volume dries up

XRP Gains 10%, Signals Potential Continued Bullish Trend

XRP is trending with a 10.03% 24-hour gain, currently priced at $2.59. Trading volume surged to $8,784,801,367, a spike of 89.86%. Despite short-term bullish sentiment, MACD shows 0.07133 indicating moderate bullish momentum and 21.36% recent performance suggests potential upside continuation.

The RSI is 72.94, hinting at overbought conditions, while MFI at 68.87 suggests weak buying pressure. StochRSI at 92.13 shows bullishness. SMA (10–200) alignment is bullish, yet ADX at 13.16 reflects uncertain trend strength.

XRP (XRP) Technical Analysis

XRP/USDT has reclaimed a bullish stance after a lengthy consolidation below $2.36, which acted as strong resistance for several months. The current price has just broken above that level with conviction, challenging the prior supply zone near $2.70–$2.99.

This breakout, following a series of higher lows since March, suggests a trend resumption to the upside. The structure is now transitioning from accumulation to markup phase.

xrp-daily-chart-35 — XRP (XRP), daily chart, screenshot on TradingView at 16:29 UTC on May 12, 2025. *Source: TradingView*

The most recent candle is a strong bullish breakout bar with a wide range body and elevated volume, indicating buy-side dominance. The volume spike confirms institutional interest and validates the breakout above $2.36.

Previous candles near resistance showed hesitation (smaller bodies, upper wicks), but the latest thrust clears that zone confidently.

xrp-analysis-chart-2 — Technical Chart: XRP (XRP) Potential Price Paths on TradingView at 16:29 UTC on May 12, 2025. *Source: TradingView*

XRP Price Action Scenarios

Bullish: If price sustains above $2.70, XRP could retest $2.99
Bearish: If it fails to hold $2.36, a pullback to the $1.90–$2.00 demand zone is likely
Neutral: Sideways chop between $2.36–$2.99 is possible if buyers lose momentum near the upper resistance band

Frequently Asked Questions (FAQ)

Is Pi Network a good short-term investment?
Based on current volume and breakout patterns, Pi shows bullish potential but remains highly volatile.

What is the key resistance for BTC right now?
$109,588 remains the key level to watch for a breakout.

What happens if XRP drops below $2.36?
A correction toward $2.00 support could follow if buying momentum weakens.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.